I was shocked, then delighted, then quite amused when I read Pat Dollard’s report on the Russian Prime Minister, Vladamir Putin’s recent speech. Clarice Feldman also wrote an article about this in the “American Thinker” but otherwise, I find very few references in the press. Why not? Well, I’ll give you three guesses, and the first two don’t count! Read on.
The Russian Prime Minister said that the US should take a lesson from the pages of Russian history…and not exercise “excessive intervention in economic activity and blind faith in the state’s omnipotence.”
“In the 20th century, the Soviet Union made the state’s role absolute,” Putin said during a speech at the opening ceremony of the World Economic Forum in Davos, Switzerland. “In the long run, this made the Soviet economy totally uncompetitive. This lesson cost us dearly. I am sure nobody wants to see it repeated.”
Dollard says that this sounds more like Barry Goldwater than the former head of the KGB. Putin said, “Nor should we turn a blind eye to the fact that the spirit of free enterprise, including the principle of personal responsibility of businesspeople, investors, and shareholders for their decisions, is being eroded in the last few months. There is no reason to believe that we can achieve better results by shifting responsibility onto the state.”
Putin also cautioned the US against using military Keynesianism to lift its economy out of recession, saying, “in the longer run, militarization won’t solve the problem but will rather quell it temporarily. What it will do is squeeze huge financial and other resources from the economy instead of finding better and wiser uses for them.”
Putin echoed the words of conservative Ron Paul when he said, “we must assess the real situation and write off all hopeless debts and ‘bad’ assets. True, this will be an extremely painful and unpleasant process. Far from everyone can accept such measures, fearing for their capitalization, bonuses, or reputation. However, we would ‘conserve’ and prolong the crisis, unless we clean up our balance sheets.”
Well, well…what a word of wisdom for our national leaders. If you want, you can go here in the Wall Street Journal for a transcript of Putin’s speech.
Just makes me wonder…has hell frozen over?